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Selling N96 to Mazuma, right thing to do?

Bufger
Bufger Posts: 1,857 Forumite
Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
Last October i foolishly got a Nokia N96 on an 18 month contract. The deal was £45 per month as the phone had come out that week and i negotiated free unlimited internet access and free satnav.

After having it 12 months already i dont ever use the internet on it and only need the satnav once a month on average. I also send roughly 1 or 2 texts per day and my phonecalls are always short and sweet (less than 1 min).

I realise im paying for way more than i use which is why i checked some of the phone buying companies. For my 12month old phone Mazuma is offering £150!

Should i take this deal and get the cheap nokia for £5 including £5 of free credit on PAYG? How would i go about ending the contract or reducing the cost of it and using this other really cheap phone.

As for the satnav i plan to buy one from the money i will sell my phone for. Then i wont need this silly gadget in each phone i buy which will allow me to get cheap contracts in the future with cheaper phones :-)
MFW - <£90k
All other debts cleared thanks to the knowledge gained from this wonderful website and its users!

Comments

  • OneADay
    OneADay Posts: 9,031 Forumite
    1,000 Posts Combo Breaker
    edited 7 September 2009 at 9:23AM
    You can cancel the contract, you can sell the phone and use the money for line rental and termination fees, take the sim and plug that in a pay and go phone.
    But if you get a cheap pay and go, doubt if it will work with satnav and internet all that well.
  • Bufger
    Bufger Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Im not bothered about the internet or satnav on my phone anymore. I'll get a completely seperate satnav unit.

    Thanks. Looks like i might do this!
    MFW - <£90k
    All other debts cleared thanks to the knowledge gained from this wonderful website and its users!
  • OneADay
    OneADay Posts: 9,031 Forumite
    1,000 Posts Combo Breaker
    Rougly I guess you have 9 months left on your contract?

    9x45 = £305 (rougly your termination fee I guess).

    Just continue paying the contract - sell the phone to pay the line rental and at month 15 you can downgrade your tariff.

    Use the sim in another phone.

    If it helps I had the n95 8gig - I got £145 from mazuma only a few months back - now they offer only £115 (cash) or £126 (argos vouchers).

    You could get more on ebay for the phone but you end up paying fees to ebay and paypal - might not work out too well.
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